Today market may open flat tracking SGX Nifty, up 1 point.
Asian markets are in negative.
Indian stocks continued to enjoy a liquidity-driven flow Nifty50 continued to scale fresh highs and ended the day at a fresh life-time high. But it would not be wise to blindly chase stocks with overstretched indicators. It would be extremely important to protect profits at higher levels and effectively churn sectors to rightly participate in the uptrend.
U.S. share futures and the dollar tumbled in Asian trade on Wednesday after reports President Donald Trump asked then-FBI Director James Comey to end a probe into Trump's former national security advisor.
🎯 News & Impact 🎯
The Indian Meteorological department (IMD) has said that the southwest monsoon will hit Kerala on May 30, two days ahead of schedule.
A positive trigger for the economy.
Results Updates :
🎯 Tata Steel :
Cons Net Loss At Rs.1,168 Cr Vs Loss Of Rs.3,042 Cr (YoY).
Cons Revenue Up 30.4 % At Rs.35,304.9 Cr Vs Rs.27,071.3 Cr (YoY).
Positive for the stock.
🎯 Whirlpool :
Net Profit Up 7.4 % At Rs. 74.4 Cr Vs Rs. 69.3 Cr (YoY).
Revenue Up 19.2 % At Rs.1,114.3 Cr Vs Rs.934.7 Cr (YoY).
Positive for the stock.
🎯 Transport Corp :
Net Profit Down 26.6 % At Rs.18.5 Cr Vs Rs. 25.2 Cr (YoY).
Total Income Up 14.5 % At Rs.481.6 Cr Vs Rs.420.6 Cr (YoY).
🎯 Sobha Developers :
Cons Net Profit At Rs.46 Cr Vs Rs.21.5 Cr (YoY).
Cons Revenue Up 6 % At Rs.588.8 Cr Vs Rs.555.3 Cr (YoY).
🎯 PI Ind :
Net Profit Up 40.8 % At Rs.135.2 Cr Vs Rs. 96 Cr (YoY).
Total Income Up 3.7 % At Rs.627.3 Cr Vs Rs.604.8 Cr (YoY).
🎯 CARE :
Net Profit Down 15 % At Rs.38.4 Cr Vs Rs. 45.2 Cr (QoQ).
Revenue Up 15.9 % At Rs.76.4 Cr Vs Rs. 65.9 Cr (QoQ).
🎯 Dhanlaxmi Bank :
Net Profit At Rs.8.8 Cr Vs Loss Of Rs. 131.6 Cr (YoY).
NII Up 3 percent At Rs.84.5 Cr Vs Rs.82 Cr (YoY).
Gross NPA At 4.78 % Vs 7.59 % (QoQ).
🎯 Orient Paper :
Net Profit Up 3.6 % At Rs.48.4 Cr Vs Rs. 46.7 Cr (YoY).
Total Income Up 8 % At Rs.687.7 Cr Vs Rs.636.8 Cr (YoY).
🎯 Vardhman Holdings :
Net Profit At Rs.169.8 Cr Vs Rs.25 Cr (YoY).
Revenue At Rs.173.1 Cr Vs Rs.26.6 Cr (YoY).
🎯 Shree Cement :
Net Profit Down 54.1 % At Rs.304.5 Cr Vs Rs.663 Cr (YoY)
Revenue Up 19.3 % At Rs.2,683.4 Cr Vs Rs.2,249.1 Cr (YoY).
🎯 Dishman Pharma :
Cons Net Profit Up 47.6 % At Rs.42.8 Cr Vs Rs.29 Cr (YoY).
Cons Total Income Up 47.5 % At Rs.534.2 Cr Vs Rs.362.1 Cr (YoY).
🎯 Cos & Kings :
Transfers operating lease in its Cologne City hotel.
🎯 Golden Tobacco :
Central Excise imposes penalty of Rs 29 crore.
Negative for the stock.
🎯 IDBI Bank :
Revision in ratings by Ind-Ra.
🎯 BHEL :
Care assigns AA to long and short term non fund based bank facilities.
🎯 VIP clothing :
CRISIL rating has changed from negative to rating watch with positive implication.
Positive for the stock.
🎯 Abbott :
Abbott withdraws 3 sets of coronary balloon catheters.
🎯 JSW Steel :
Company seeks iron ore linkage for Orrissa plant.
🎯 Care /Crisil :
SEBI faults rating agencies in Amtek auto case.
🎯 Hathway subsidary, GTPL :
Gets nod for IPO.
🎯 Edelweiss :
Edelweiss to invest Rs.450 crore in JM Baxi group.
🎯 Lupin :
Lupin launches Cialis for treatment erectile dysfunction.
🎯 Umang Dairies :
The company resumes operations in Gajraula.
🎯 Future Enterprise :
To issue NCD's worth Rs 25 crore.
🎯 Ganesh Ecosphere :
The company has decided to market its products i.e., Recycled Polyester Staple Fibre and Spun Yarn, under the brand name of 'Rivivere.
🎯 Capital First :
Capital First to raise Rs.150 crore via NCD's.
🎯 Bharti Airtel :
Reliance Jio Infocomm has asked the Department of Telecom not to approve rival Bharti Airtel’s buyout of Tikona’s 4G business, alleging the market leader was exploiting a gap in M&A rules, which could cause a loss of over Rs.217 crore to the national exchequer.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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